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Union Budget 2022
Live Updates & News

Union Budget 2022 – Live updates

Union Budget 2022-23 will be presented on 01 February,2022 by Finance Minister Nirmala  Sitharaman at 11 am. The budget for any year sets the tone for the performance of the economic growth and related factors like interest rates, inflation, etc. This is the fourth budget being presented by Ms Sitharaman. The budget speech generally ranges from 90 to 120 mins. Earlier the Union Budget was presented on the last working day of February at 5pm in the evening.  It was moved from 5pm to 11am and finally to the 01st of February to allow more time to prepare for implementation of the budget.

At a time when the Indian economy has somewhat recovered from Covid-19 impact and the rising inflation, the upcoming budget that will be tabled in Parliament has the entire nation’s hopes and expectations tied to it.

Sectors in focus for Budget 2022-23

Taking into consideration the impact Covid has had on the economy, the focus this year will be to following sectors will be in focus and should see equal  on social spending and on sectors that will help in the growth of the economy. 

Sectors

Expected announcements

Infrastructure

  • Increased spending on capital expenditure and creation of assets. 
  • Speedier execution of pre-approved projects
  • Creation of employment opportunities

Hospitality 

  • Lower taxes
  • Incentives in form of interest-free or low-interest loans
  • Subsidies

Real Estate

  • Continued emphasis on low cost and affordable housing
  • Boost liquidity to help projects stuck 

Agriculture

  • Increased support and incentives for agritech platforms 
  • Better infrastructure for overall improvement of the sector

Health Care

  • Focus on creation of better healthcare infrastructure in Tier II & Tier III cities. 
  • Technology adoption and digitisation may get allocations

Auto

  • Better infrastructure and support for EV adoption and manufacturing

Markets and Budget 2022

In the run-up to the upcoming budget the equity markets have lost some of the highs achieved over the last few months. Global factors like a possible rate hike along with the withdrawal of pandemic stimulus by the Fed and increasing crude oil price have also added to the fire. 

 Budget Videos

FAQ’s on Budget 2022

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